HomeMy WebLinkAboutFY2025-26 Virginia Beach City Public Schools Additional State Funds UsageFY 2026/27 Amended
Budget Update
August 25, 2026
Crystal Pate, Chief Financial Officer
Additional Revenue 2
Revenue
FY 2025/26
Adopted
FY 2025/26
Approved Amended
FY 2026/27
Adopted
FY 2026/27
Amended
Variance from
Proposed
Federal $14,744,107 14,744,107 $15,494,107 $15,494,107 $0
State $387,488,845 401,073,914 $419,820,040 $432,639,915 $12,819,875
State Sales Tax $94,290,730 94,290,730 $95,257,382 $96,379,866 $1,122,484
Local Contribution (RSF)$493,933,340 491,953,917 $503,940,192 $503,940,192 $0
Other Local $4,457,538 4,457,538 $5,457,538 $5,457,538 $0
Total 994,914,560 1,006,520,206 $1,039,969,259 $1,053,911,618 $13,942,359
Breakdown of Revenue Amount Balance
Additional revenue from all sources $13,942,359
Special Education Add on ($3,533,059)$10,409,300
Basic School Aid $654,184 $11,063,484
Compensation Supplement ($6,260,258)$4,803,226
Infrastructure and Operations Per Pupil Allocation ($3,273,665)$1,529,561
At-Risk-Lottery Fund $2,287,625 $3,817,186
At-Risk Standards of Quality Program ($2,694,702)$1,122,484
State Sales Tax ($1,122,484)$0
Budget Balancing 3
Budget Need Cost Spend down from $13,942,359
Moving Security Assistants from local to SRO/SSO Incentive
Grant (received in May)
$535,855 $14,478,214
Local match for School Safety Personnel/Programming Grant
Program (received in May)
-$50,966 $14,427,248
Increase PAYGO -$3,000,000 $11,427,248
Replace All In Grant Funding - High Impact Tutoring - VLA -$3,000,000 $8,427,248
Employee Professional Development (Tuition reimbursement)-$214,000 $8,213,248
Unified Pay Scale adjustment to 1.25% for years 0-14 (effective
February 1, 2027)
-$4,800,000 $3,413,248
Budget Balancing cont.4
Budget Need Cost Spend down from $13,942,359
Positions moving from Title VI-B to local -$563,209 $2,850,039
Special Ed Private Day Rate Cap Increase -$500,000 $2,350,039
BASE revitalization (positions and materials)-$560,825 $1,789,214
Additional STEP classroom (positions and materials)-$567,030 $1,222,184
Covert 20 Special Education Teacher Assistant TEAs to FTEs -$931,085 $291,099
Budget line-item increase for Special Education Teacher
Assistant Substitutes
-$291,099 $0
Questions/Discussion